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Keep Renting or Purchase?

6/18/2021

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KristiLyn Wilkinson, M.S. AFC Candidate
Empowering Financial Wellness Program Coordinator 
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​Housing is often the largest expenditure that people make. If you take the full 30 years to pay off your mortgage, you can pay as much as three times the original amount you purchased. Owning a home is a big part of the “American Dream” for many people, and while it is true that homeownership builds stable communities and may help you build wealth and equity, that doesn’t mean it is right for everyone in every situation. There are many factors that come into play when considering if it’s the right time to purchase a home or if you should continue to rent. Here are a few things to consider.


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